| CONTENTS | PAGE | |
|---|---|---|
| Members ofthe Board and professional |
advisers | |
| Trustees' Annual Report |
||
| Independent examiner's report to the trustees |
10 | |
| Statement offinancial activities |
||
| Balance sheet | 12 | |
| Notes to the financial statements | 13 |
| Grants mad | e to | or | gani | satio | ns | during the year |
were as follows | : | : | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Age UK | F5,000 | For a befriending | service | |||||||||
| Anna Freud |
Centre | f 7,150 | For mental | health | support | for | ||||||
| children | ||||||||||||
| Cardinal Hume |
Centre | f6,500 | For running | costs | ||||||||
| Church Homeless |
Trust | f 5,000 | For the Queen Mary |
Hostel | ||||||||
| garden | ||||||||||||
| The Connection | at | St Martin | in | the Fields | f 5,000 | For running | costs | |||||
| ETAT (Encouragement | through | Arts and | f 5,000 | For community work |
in South | |||||||
| Training) | Westminster | |||||||||||
| Fareshare | F 10,000 | For a food redistribution | ||||||||||
| programme | ||||||||||||
| Glassdoor | f 5,000 | For homeless night |
shelter | |||||||||
| running costs |
||||||||||||
| Marie Curie | Hospice | f 7,716 | To support | Westminster | ||||||||
| residents | ||||||||||||
| Paddington | Law | Centre | f 7,000 | For running | costs | |||||||
| Royal Trinity | Hospice | F 10,000 | For running | costs | ||||||||
| Samaritans | f 5,000 | To support | Westminster | |||||||||
| residents |
| St Cuthbert Centre |
f.7,000 | For running | costs | ||||
|---|---|---|---|---|---|---|---|
| StJohn and Elizabeth Hospice |
f 5,000 | For running | costs | ||||
| The Passage | f6,250 | For bedroom | furniture | ||||
| Westbourne Park Family Centre |
f2,000 | For running | costs | ||||
| Westminster Befriend a Family |
f 5,000 | For childcare | services | ||||
| Woman's Trust |
F 5,665 | For support | services | to | |||
| vulnerable | women | ||||||
| Zacchaeus 2000 | f 5,000 | To support | Westminster | ||||
| residents | |||||||
| TOTAL RELIEF-IN-NEED | f 114,281 | ||||||
| Adventure Play Hub at St John's Wood |
F5,000 | For running | costs | ||||
| Adventure Playground |
|||||||
| Avenues Youth Project |
f 5,000 | For running | costs | ||||
| Centre for Young Musicians | f6,708 | For music bursaries | |||||
| Centre for Young Musicians | F 1,320 | For laptop computers | to support | ||||
| home learning | |||||||
| Dream Arts | f6,000 | To provide | performing | arts | |||
| programmes | |||||||
| Essendine Primary School |
F5,000 | To fit out an | art room | ||||
| Nucleo Music Project | f 5,000 | For music teaching | in | schools | |||
| Pimlico Toy Library | f 5,000 | For running | costs | ||||
| StAndrevtrs Club |
f 5,000 | For running | costs | ||||
| St Clement Danes Primary | School | f.8,000 | For a Wi Fi | upgrade | |||
| Westminster Boating Base |
f 11,500 | For running | costs | ||||
| TOTAL ADVANCEMENT-IN-LIFE | f63,528 |
| embers ofthe Fina | nce and | General Pur | poses Committee |
during |
|---|---|---|---|---|
| Mrs Ma Foster |
Mrs Christina | Munda | ||
| Mr Ste hen Harrow | until 5"A | ril 2020 | Mrs Mar e | Roberts |
| Mr Peter Ma lestone | Mr Charles S | anton | ||
| MrJohn Ma cock |
| Mem | bers ofthe Gra | bers ofthe Gra | nts Adviso | ry Committ |
ee during the year |
|---|---|---|---|---|---|
| Mrs | Jane Ker-Reid | Mrs Jean R mer | |||
| Mr | Ste hen | Harrow | until 5"A | ril 2020 | Ms Julie Thomas |
| Mrs | Mar e | Roberts |
| Total Funds | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 2020 | Funds | ||||
| Funds | Funds | 2019 | |||||
| Note | I | I | |||||
| INCOME | |||||||
| Donations | 2 | ||||||
| Investment Income |
3 | 244,090 | 244,090 | 242,619 | |||
| Bank Interest | |||||||
| TOTAL INCOME | 244 090 | 244 090 | 242 619 | ||||
| EXPENDITURE | |||||||
| Expenditure on Charitable |
Activities | 4 | 242,515 | 242,515 | 239,000 | ||
| Investment Management |
6 | ||||||
| TOTAL EXPENDITURE | 242 515 | 242 915 | 239 000 | ||||
| NET EXPENDITURE | 1,575 | 1,575 | 3,619 | ||||
| OTHER RECOGNISED | GAINS AND | ||||||
| LOSSES | |||||||
| Gains/(Losses) on Revaluations |
|||||||
| of Investment Assets |
10 | 199381 | 330337 | 529 718 | 953 391 | ||
| NET MOVEMENT IN FUNDS | 200,956 | 330,337 | 531,293 | 957,010 | |||
| RECONCILIATION | OF | FUNDS | |||||
| Total Funds Brought | Forward | 2,979,080 | 5,164,125 | 8,143,205 | 7,186,195 | ||
| TOTAL FUNDS CARRIED FORWARD | E3 180 036 | E5 494462 | EE 674 498 | E8 143 205 |
| Unrestricted | Total Funds | Total | Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2020 | 2019 | ||||
| f. | f | f | ||||
| Sundry donations |
||||||
| INVESTMENT INCOME | ||||||
| Unrestricted | Total Funds | Total | Funds | |||
| Funds | 2020 | 2019 | ||||
| f | f | f | ||||
| Dividends | and Interest Received | 244,090 | 244,090 | f242,619 | ||
| COSTS OF CHARITABLE ACTIVITIES | BYACTIVITY | TYPE | ||||
| Total Funds | Total | Funds | ||||
| 2020 | 2019 | |||||
| f | ||||||
| Grants to | Individuals | —Pensions | 13,400 | 14,600 | ||
| Grants to | Individuals | - Other | 9,910 | 10,092 | ||
| Grants to | Institutions | 188,838 | 184,186 | |||
| Support Costs (Note | 5) | 30,367 f242,515 |
30,122 F239,000 |
| SUPPORT C | OSTS | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Total | Funds | |||
| Funds | 2020 | 2019 | |||||
| f | f | f | |||||
| Salaries and | Employment | Costs | 18,669 | 18,669 | 18,315 | ||
| Premises Costs | 5,082 | 5,082 | 5,082 | ||||
| Independent | Examination | Fee | 2,952 | 2,952 | 2,814 | ||
| Travel and Subsistence | 31 | 31 | 65 | ||||
| Printing, postage and stationery |
1,777 | 1,777 | 2,014 | ||||
| Telephone and ICT |
663 | 663 | 937 | ||||
| Other Costs | 823 | 823 | 750 | ||||
| Training | 150 | 150 | 145 | ||||
| Bank Charges | 220 | 220 | |||||
| Depreciation | f30,367 | f30,367 | f30,122 |
| 6. | OTHER R | ESOURCES | EXPENDED | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Total Funds | ||||
| Funds | 2020 | 2019 | |||||
| 6 | 6 | L | |||||
| Investment | Management | Charges | |||||
| 7. | STAFF COSTS AND EMOLUMENTS | ||||||
| Total staff | costs were | as follows: | |||||
| 2020 | 2019 | ||||||
| f | 6 | ||||||
| Wages and | salaries | 16,892 | 16,400 | ||||
| Social security costs | 1,561 | 1,699 | |||||
| Payroll Administration | 216 | 216 | |||||
| 18,669 | 18,315 |
| or transaction entered into by the charity during th TANGIBLE FIXEDASSETS |
e year or the previous year. |
|
|---|---|---|
| Fixtures | & | |
| Fittings f |
||
| COST | ||
| At 1 January | 571 | |
| Additions | ||
| At 31 December 2020 | 571 | |
| DEPRECIATION | ||
| At 1 January 2020 |
571 | |
| Charge for the year | ||
| At 31 December 2020 | 571 | |
| NET BOOK VALUE | ||
| At 31 December 2020 | ||
| At 31 December 2019 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| 5 | 5 | ||||
| Market value | at 1 January | 8,051,493 | 7,098,102 | ||
| Acquisitions | at cost | 4,733,995 | |||
| Disposals at |
opening book value |
(4,176,149) | |||
| Unrealised gains on revaluations |
in the year ended | ||||
| 31 December | 529,718 | 395,545 | |||
| Market value | at 31 December | 8,581,211 | 8,051,493 | ||
| Gains/(losses) on Investments |
|||||
| 2020f | 2019 f |
||||
| Unrealised gains on revaluations |
|||||
| in the year | ended 31 December | 529,718 | 395,545 | ||
| Realised gains on the sale of | Investments | 557,846 | |||
| Total realised | and unrealised | gains | 5529,718 | F953,391 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| 9 | |||||
| Independent | Examination | Fee for 2020 | 2,952 | 2,814 | |
| Grants Agreed | but not yet | Paid | 1,029 | 2,628 | |
| F3,981 | 5,442 |
| ENDOWME | NT FUNDS |
|||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Gains and | 31 December | ||||
| 1 | January 2020 f |
losses f |
2020 f |
|||
| Permanent | endowments | |||||
| Permanent | Endowment | Fund | E5,164,125 | f330,337 | f5,494,462 |
| UNREST | RI | CTE | D INCOME FU | NDS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||||
| 1 January | Incoming | Outgoing | Gains and | 31 December | |||||
| 2020 f |
resources f |
resources f |
losses E |
2020 f |
|||||
| Designated | |||||||||
| Fund | 2,887,368 | 86,639 | (86,639) | 199,381 | 3,086,749 | ||||
| General | Funds | 91,712 F2,979,080 |
157,451 f244,090 |
f | 155,876 242,515 |
f199,381 | 93,287 E3,180,036 |
||
| Designated | Reserves comprise |
unspent income |
brought | forward from |
closed charities | ||||
| and 'ring-fenced' |
to provide future income. |
These are available for expenditure at the |
|||||||
| Trustees' | discretion. | ||||||||
| parative | Unrestricted Income |
Funds: | |||||||
| Balance at | Balance at | ||||||||
| 1 January | Incoming | Outgoing | Gains and | 31 December | |||||
| 2019 f |
resources E |
resources E |
losses f |
2019 f |
|||||
| Designated | |||||||||
| Fund | 2,496,078 | 62,390 | (82,390) | 391,290 | 2,887,368 | ||||
| General | Funds | 88,093 E2,584,171 |
160,229 f242,619 |
f | 156,610 239,000 |
f391,290 | 91,712 E2,979,080 |
| ANALYSIS | OF NET A | SSETS BETWEEN | FUNDS | FUNDS | ||
|---|---|---|---|---|---|---|
| Tangible | fixed | Net current | ||||
| assets f |
Investments f. |
assets f |
Total f |
|||
| Endowment | Funds: | |||||
| Permanent | Endowment | Fund | 5,494,462 | 5,494,462 | ||
| Unrestricted | Income | Funds: | ||||
| Designated | Funds | 3,086,749 | 3,086,749 | |||
| General Funds |
93,287 | 93,287 | ||||
| Total Funds | F8,581,211 | f93,287 | f8,674,498 | |||
| parative Analysis of |
Net Assets between | Funds: | ||||
| Tangible | fixed | Net current | ||||
| assets | Investments | assets | Total | |||
| f | f | f | f | |||
| Endowment | Funds: | |||||
| Permanent | Endowment | Fund | 5,164,125 | 5,164,125 | ||
| Unrestricted | Income Funds: | |||||
| Designated | Funds | 2,887,368 | 2,887,368 | |||
| General Funds |
91,712 | 91,712 | ||||
| Total Funds | f8,051,493 | f91,712 | f8,143,205 |
| Unrestricted | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2019 | |||
| INCOME | |||||
| Donations | |||||
| Investment Income |
242,619 | 242,619 | |||
| Bank Interest | |||||
| TOTAL INCOME | 242 619 | 242 619 | |||
| EXPENDITURE | |||||
| Expenditure on Charitable |
Activities | 239,000 | 239,000 | ||
| Investment Management |
|||||
| TOTAL EXPENDITURE | 239000 | 239000 | |||
| NET EXPENDITURE | 3,619 | 3,619 | |||
| OTHER RECOGNISED GAINS AND | |||||
| LOSSES | |||||
| Gains/(Losses) on Revaluations |
|||||
| of Investment Assets |
391290 | 562 101 | 953 391 | ||
| NET MOVEMENT IN FUNDS | 394,909 | 562,101 | 957,010 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total Funds Brought | Forward | 2,584,171 | 4,602,024 | 7,106,195 | |
| TOTAL FUNDS CARRIED FORWARD | 62 979080 | EE 164 125 | E8 143 205 |